GREY:ALXDF - Post by User
Post by
Poriemonon Mar 12, 2015 1:11pm
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Post# 23514335
Massive volume in MGR
Massive volume in MGRMGR trading at $0.02 whereas AZX trading at $0.06. Anyone who can is and should be selling their AZX and averaging down by buying MGR (assuming it makes sense with the available volumes).
The part to be careful of is the traders who are buying MGR to sell AZX after the trade goes through at hopefully hgiher than $0.04. This is gonig to cause a lot of sell pressure next week as these guys try to turn a quick buck. They can't short AZX directly (AZX isn't on the list of shortable stocks as far as I can tell) and so they're forced to buy and hold MGR. But after the switch goes through, you can expect there to be profit taking,